I got a call from a guy who was having some serious financial problems and was on the verge of bankruptcy. He had a $1 million policy that he could no longer afford and was going to let it lapse. If he lapsed the policy, he would have gotten nothing back! I shopped his case to all of the Life Settlement providers that actually purchase the policies, and he ended up walking away with $436,000. He was extremely happy about this outcome.
What would you do if you got $436,000? I’d probably pay off all my debt, maybe get a new car, and then invest the rest. This would be awesome!